£900,000 grant could bring jobs to Ryedale area
Marshall Advanced Composites, which operates a base in Kirkbymoorside, has received a £900,000 funding boost.
The grant is business transformation investment from Sharing in Growth (SIG) and will help increase global competitiveness.
Marshall employs 122 staff at its facility in Kirkbymoorside, many of whom have continued to work on essential projects while socially distancing.
The company is hoping that the funding will create more jobs in the Ryedale area.
The Regional Growth Fund grant will fund improvements in manufacturing processes across the business, including three of the company’s key customer contracts/projects, as well as a number of other key business disciplines.
Marshall is one of just 60 UK businesses to receive a share of £250m aimed at raising the capability of UK aerospace suppliers to enable them to share in the growth of aerospace and other global markets, and in turn create job opportunities.
Marshall has a number of key military projects spanning three to five years, including the building of missile launch tubes, C-130J aircraft cockpit panels and propeller duct and rudder assembly for the Astute class submarine.
It already has some of the most advanced equipment and technical know-how in the composites manufacturing and aerospace market.
It has been working with SIG for a number of months to identify areas for continuous improvement and leaner processes.
The company’s general manager Carl Morse said: “We’re delighted to have received this investment.
“We know we do great work, but there is always room for improvement, so we’re confident that we can make some changes to our processes to benefit a number of essential projects.
“We are already a global presence, but we don’t want to stand still. We want to continue to improve and provide a better service to our customers.”